What Is the Meaning of the Term Statistical Inference
Here the data used in the analysis are obtained from the larger population. Statistical inference is a conclusion about the value of a population parameter based on information from the corresponding sample statistic and the associated probability distribution. Interactive Web Apps For Exploring Statistical Concepts Lean Six Sigma Web App Interactive And we might do that by doing an estimate. . Definition of statistical inference. It is used to make decisions of a populations parameters which are based on random sampling. In statistics statistical inference is the process of drawing conclusions from data that is subject to random variation for example observational errors or sampling variation. - the estimation of the population parameters - the statistical assumptions being made about the population - a comparison of results from other samples. Statistical inference is the process of using data analysis to infer propertie...